Open Daily: 10am - 10pm | Alley door pickup 10am - 7pm 3038 Hennepin Ave Minneapolis, MN
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  • Open Daily: 10am - 10pm
    Alley-side Pickup: 10am - 7pm

    3038 Hennepin Ave Minneapolis, MN
    612-822-4611

Open Daily: 10am - 10pm | Alley-side Pickup: 10am - 7pm
3038 Hennepin Ave Minneapolis, MN
612-822-4611
Elementary Stochastic Calculus, ... (V6)

Elementary Stochastic Calculus, ... (V6)

Mikosch T

Hardcover

Series: Advanced Statistical Science and Applied Probability, Book 6

Investing & FinanceCalculusProbability & Statistics

ISBN10: 9810235437
ISBN13: 9789810235437
Publisher: World Scientific Publishing Company
Published: Nov 12 1998
Pages: 224
Weight: 0.99
Height: 0.60 Width: 6.40 Depth: 8.98
Language: English
Modelling with the Itô integral or stochastic differential equations has become increasingly important in various applied fields, including physics, biology, chemistry and finance. However, stochastic calculus is based on a deep mathematical theory.This book is suitable for the reader without a deep mathematical background. It gives an elementary introduction to that area of probability theory, without burdening the reader with a great deal of measure theory. Applications are taken from stochastic finance. In particular, the Black-Scholes option pricing formula is derived. The book can serve as a text for a course on stochastic calculus for non-mathematicians or as elementary reading material for anyone who wants to learn about Itô calculus and/or stochastic finance.

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